O.I.R.O of £585,000

for sale in Brook Street, Selby, YO8

Shortlist

Key Features

  • Commercial Unit
  • Plus 6 x 1 Bedroom Flats
  • Tenanted
  • Investment Opportunity
  • Lapsed Planning For 7th Flat
  • Detached Building & Parking
  • Well Maintained & Presented
  • Viewing By Appointment Only
GROUND FLOOR COMMERCIAL PREMISES WITH FURTHER 6 FLATS AND POTENTIAL FOR A SEVENTH FLAT.....AMAZING INVESTMENT OPPORTUNITY....

- We are pleased to market this amazing investment opportunity of 6 x one bedroom apartments and ground floor commercial unit with parking and potential for a 7th penthouse flat ( planning permission lapsed ) all currently tenanted with income circa . The block is beautifully maintained by the current owners. Each flat are named as cottages and achieve the following. Laburnam Cottage £350 per month. Willow Cottage £350 per month. Rose Cottage £457 ( inc £37 for utilities ). Lavender Cottage £385 per month ( inc £25 for utilities ) . Primrose Cottage £420 per month ( inc £25 for utilities ). Lilac Cottage is currently empty but would achieve circa £400 per month. All the apartments are on assured short-hold tenancies. The commercial premises is currently used by the owners but would lease back at approximately £700 per month. Gross income £36,744 per annum. Approximately 6.3% per annum. With the penthouse conversion this income could be increased by approximately another £4,800 per annum.

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Property Images

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Location

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